Archive for July, 2021

SYDNEY, AUSTRALIA — The Australian Competition and Consumer Commission (ACCC) has decided not to exempt Viterra’s Port Lincoln and Thevenard facilities from parts of the Port Terminal Access (Bulk Wheat) Code due to lack of competition.

The decision means that Viterra will continue to be subject to the non-discrimination requirements of the code at its Port Lincoln and Thevenard facilities and must also provide access-related dispute resolution processes for exporters. Viterra also will continue to require ACCC approval for any changes ...

Is the US-China trade war dead? It certainly is for US agricultural exporters, although renewed demand is bringing with it the specter of soaring bulk shipping costs. Indeed, ship owners are enjoying something of a commodities supercycle that is driving up both the prices of raw materials and ship owner profits.

Overall demand for bulk shipping in the first four months of 2021 reached a record 1.69 billion tonnes, up 6.1% compared with the same period last year, according to shipping ...

BOSTON, MASSACHUSETTS, US — Greater intake of whole grains was associated with smaller increases in waist size in a study appearing online July 13 in The Journal of Nutrition. Among middle- to older-age adults, waist size over a four-year period increased by an average of more than 1 inch in participants who ate less than one-half serving per day of whole grains. Among those who ate at least three servings of whole grains a day, waist size increased by about ...

KANSAS CITY, MISSOURI, US — Millers, merchandisers and grain traders last week continued to report improved railroad performance in the United States, especially in the Central Plains region as the winter wheat harvest moved steadily north and west. All welcomed the improvement and hoped more regular car placement at origins would continue into the crucial harvest period for spring and durum wheat as well as row crops.

In the first two weeks of July, rail cars of hard red winter wheat ...

With harvest approaching in Northern Hemisphere growing regions and crop estimates being revised up as weather remains largely favorable, wheat has become cheaper recently.

The US Department of Agriculture (USDA) said in its June 10 Grain: World Markets and Trade report that “wheat prices fell across most major exporting countries since last month’s WASDE (the USDA’s monthly World Agricultural Supply and Demand Estimates report) with improving winter wheat conditions in several key producing regions.”

Russian export quotes have declined as the winter ...

PARIS, FRANCE — France’s soft wheat production is anticipated to bounce back leading to a rise in exports and stocks of the commodity, Reuters reported citing FranceAgriMer.

Soft wheat exports to destinations outside of the EU are forecast to jump 40% to 10.5 million tonnes in the 2021-22 marketing year while exports within the EU are expected to total 7.3 million tonnes, a 22% increase compared to the previous year.

Increasing sea freight costs could boost France’s soft wheat exports to nearby ...

BEIJING, CHINA — More than 134 million tonnes of wheat have been harvested in China in 2021, a 2% increase from last year’s output, according to the National Statistics Bureau (NSB).

The rise in production is due to increased planted area and yield, the NSB said. It noted that wheat acreage and yield rose 0.9% and 1.1%, respectively.

Total summer grains output rose 2% from 2020 to 145.82 million tonnes, NBS said. Planted area for all summer grains rose 1% from the ...

WASHINGTON, DC, US — The US Department of Agriculture in its July World Agricultural Supply and Demand Estimates projected the carryover of wheat on June 1, 2022, at 665 million bushels, down 105 million bushels from the June outlook and down 179 million bushels, or 21%, from 844 million bushels in 2021. The 2022 carryover as forecast would be the smallest since 2014.

The 2021-22 carry-in supply at 844 million bushels was down 8 million from the previous estimate. But standing ...

WASHINGTON — The US Department of Agriculture in its July 12 Crop Production report forecast 2021 US durum wheat production down 46% from 2020, spring wheat other than durum down 41%, and winter wheat up 16%, the latter up 4% from the June forecast.

Production of spring wheat other than durum was forecast at 344.575 million bushels, down 41% from 585.99 million bushels in 2020, based on a yield of 30.7 bushels an acre, down 17.9 bushels per acre from last ...